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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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Dec 9, 2012
12/12
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i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really put bloomberg on the map here in d.c. yesterday it was his birthday -- happy birthday, al.
i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that...
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Dec 10, 2012
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the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he is also the author of many abooks. "the welt of choices" how the new economy puts power in your hands and money in your pockets." lawmakers and lobbyists which he co-authored with jeffrey. he received an award. he has also received two overseas press club awards for his writings on asia. in addition to serving on the council, he is a member of the gridiron club, the council on foreign relations. he also happened to serve a long time ago at the board of visitors not too far away from virginia, the university of north carolina. please join me now in welcoming our modera
the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he...
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Dec 8, 2012
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tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility and have too low caps. there are some important steps. there are some important steps forward and the american recovery act. i do not see a lot of prospects for much greater federal involvement any time soon. host: mableton, illinois on the line for independents. caller: i want to direct this to mr. tanner. i have never been in debt. i have a retirement, have a very nice pension from the state of california when i was a state police offiercer. we're not putting enough emphasis on what has happened in
tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered...
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Dec 8, 2012
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we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on millions of dollars and billions of dollars, waiting for the right moment. if we want them to start spending, we need to make decisions. it will not be good enough if we do not deal with the much larger question and give them certainty. some of the failed talks happened before. republicans would dig their heels in and say, it is our ideology or nothing. that will hurt the economy. they will say, see, i told you it did not work. that is the wrong way to work. we have to reach an agreement. we have to do it for the long term and short term. >> you are doing
we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on...
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Dec 6, 2012
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caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person doesn't know that. host: how do you do that in two weeks? caller: you can do it. most people's major asset is their home. for people that have more money, it gets harder. give now. if you intended to give money to your kids, do with this year. get it out. if you wait, it is going to be harder. this gets complicated. you have an exemption. there is a current level of how much you can give to any one person. that right now is $5 million tax free this year. next year that drops to $1 million. if you wanted to give money to your kids or give your kids and house, this is the year to do it.
caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person...
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Dec 5, 2012
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government terminated assistance to the government of mali. however our efforts to address the food and medical needs of the people of mali continue. in determines what programs can move forward, we consider whether they provide essential life-saving assistance, whether they support children, strengthen food security or advance u.s. foreign policy. we also consider operational issues including efficient management and oversight. this case by case analysis ensures that there is careful consideration of the context surrounding a proposed activity. before the coup, usaid was the largest donor supporting leches in mali. programs trained poll workers and improved elections monitoring systems, strengthened political parties and provided voter education. when the electoral support activities resumed, providing the consent of congress, it will help support free an fair elections in mali and a peaceful political exit from the current situation. a key issue will be ensuring the inclusion and participation of the internally displaced personals and refuge
government terminated assistance to the government of mali. however our efforts to address the food and medical needs of the people of mali continue. in determines what programs can move forward, we consider whether they provide essential life-saving assistance, whether they support children, strengthen food security or advance u.s. foreign policy. we also consider operational issues including efficient management and oversight. this case by case analysis ensures that there is careful...
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Dec 7, 2012
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for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a hugenvestment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that is happening to us. we sense it. we know it. we have studied it. and now we are trying to prepare for it. >> reporter: with the cost of repairing the damage from sandy now totaling more than $50 billion for new york and new jersey alone, cities like norfolk are working hard to invest to protect themselves before the next big storm hits. >> woodruff: by the end of the week, the white house is expecteto ask congress for an additional $50 billion to $60 billion to cover the cost of repairs from sandy's devastation. and online, you can watch our upcoming story about shellfish th
for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a hugenvestment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that is...
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Dec 10, 2012
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government was trying do at that time. there was a huge uproar -- and if you listen very carefully it was the sense that i had anyway that the government did not know exactly what it wanted to do. that it was confuse and without a clear sense of direction. but maybe you had a clear sense of direction. >> we had a clear sense and you we told you. you just didn't believe us. at geneva i sat down with a group of anchors -- you were not one of them -- and one of them know, we didn't know this was coming. and i said the president made speech january 16, 1984, this was more than a year and a half before, and most of your people said he was playing politics. he set forth in that speech what he wanted to do. and i think we were very open. it was simply that the press was extraordinari extraordinarily, i would say, concept confidentiskeptical tha knew what he was doing. now, there's another side to public diplomacy and that is how about the soviet union. roz mentioned a very important agreement at geneva that a nuclear war cannot b
government was trying do at that time. there was a huge uproar -- and if you listen very carefully it was the sense that i had anyway that the government did not know exactly what it wanted to do. that it was confuse and without a clear sense of direction. but maybe you had a clear sense of direction. >> we had a clear sense and you we told you. you just didn't believe us. at geneva i sat down with a group of anchors -- you were not one of them -- and one of them know, we didn't know this...
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Dec 8, 2012
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. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every state gets 14 weeks. nine states get up to 47 a decisional weeks. and the rest are in betweenment but you have to be over 9% to get that additional 47 weeks. >> brown: so it is this program that is now caught up in the fiscal cliff negotiations. >> right. and it's unique this time around. this particular end of the month is a clear-cuttoff time. we have-- . >> brown: in the past it was phased out. >> right. and as harry said in your piece pointed out this is really the worst time of the year for this to happen. so what we need to do now is not just say oh let's just extend them. i think everyone thinks som
. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every...
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the peanut butter plant today the federal government said they cannot reopen. >> really? >> yes. >> that is severe. >> that is. >> thank you. >> and a group of children in the bay area went on a holiday shopping spree. >> it's not only what they bought but with whom they bought it that is a thrill. >> in abc 7 newsroom a surprise from a company making tiny toys. plus, the fair comes to town to settle world series wager made. who will benefit from this friendly bet. >>> peyton manning will bring broncos to raiders day. we'll broadcast live from the oakland coliseum. things kick off with a special pregame edition at 4:00. the game begins at 5:00. 49ers today, playing host to some children in a heart warming shopping spree in san jose. abc 7 news joins us live from the target store. there was a commotion this afternoon. karina? it was, indeed. insiftd store this, is the sixth year for the shop with the player program. and this year benefited deserving families. it's not unusual for children to have a wish list. but at the top are gifts for families. >> trance formers for my
the peanut butter plant today the federal government said they cannot reopen. >> really? >> yes. >> that is severe. >> that is. >> thank you. >> and a group of children in the bay area went on a holiday shopping spree. >> it's not only what they bought but with whom they bought it that is a thrill. >> in abc 7 newsroom a surprise from a company making tiny toys. plus, the fair comes to town to settle world series wager made. who will benefit from...
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Dec 7, 2012
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an answer is expected to emerge in the government jobs report later today. many economists predict employers added few their than 100,000 jobs last month. >>> if you missed the lighting ever the national christmas tree, here you go. one more shot at it. this was last night. the first family flipped the switch. that is beautiful. the national christmas tree is a colorado blue spruce from georgia. it was transplanted on the ellipse back in october. >>> it's 6:55. >> one last check of weather and traffic right after this. stay with 9news. if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> one more thing before we go. last week we told you about bacon flavored or bacon scented shave cream. apparently pizza hut w
an answer is expected to emerge in the government jobs report later today. many economists predict employers added few their than 100,000 jobs last month. >>> if you missed the lighting ever the national christmas tree, here you go. one more shot at it. this was last night. the first family flipped the switch. that is beautiful. the national christmas tree is a colorado blue spruce from georgia. it was transplanted on the ellipse back in october. >>> it's 6:55. >> one...
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Dec 2, 2012
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and deductions for the wealthiest americans along side detailed measurable up front reforms on other government programs, so that together -- >> such as? >> again, in medicare, in health programs. we've still laid out $600 billion. a couple of examples, but can you look at the details. we preposed reform and limit farm subsidies, which can save a significant amount of money, and in health care we proposed things, like, for example, raising premiums modestly for higher -- we propose to get the government much smarter in how it purchases medicine. those are just three examples, but there's $600 billion of detailed policy in that program which along side the trillion we did together that's already in place and the savings we get from wibding down these wars is a substantial package. >> you have a $16 trillion debt, and you did $1 trillion of it, and that was in order to get yo debt ceiling raised. how does that count -- >> it counts because it reduces the deficit. we're here trying to reduce the long-term deficit. >> they want new ones, the republicans? >> again, we're prepared to do these on the
and deductions for the wealthiest americans along side detailed measurable up front reforms on other government programs, so that together -- >> such as? >> again, in medicare, in health programs. we've still laid out $600 billion. a couple of examples, but can you look at the details. we preposed reform and limit farm subsidies, which can save a significant amount of money, and in health care we proposed things, like, for example, raising premiums modestly for higher -- we propose...
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Dec 7, 2012
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, the central government would deliver resources to the north again with a government out in the lead and with the donors supporting. unfortunately, the pace of that was too slow and not very effective. another point moving forward i think is that we do need to concentrate on decentralization and making a connection between the government services and the individual what the community level. >> to build further on the comments about the resource base within the mali clearly there are difficult choices for the government there that are involved in the guns versus butter types of decisions, and every sourcing for the armed forces was insufficient relatively speaking to dhaka building a threat that they now face in aqim. i think in support to the military, the provided training and equipping for both many years now, but in a relatively modest quantities, and i don't think that level of resources and that is commensurate with the threat peter thinks the other lesson learned for us is to look beyond the tactical level of training that's provided by the department of defense to consider wha
, the central government would deliver resources to the north again with a government out in the lead and with the donors supporting. unfortunately, the pace of that was too slow and not very effective. another point moving forward i think is that we do need to concentrate on decentralization and making a connection between the government services and the individual what the community level. >> to build further on the comments about the resource base within the mali clearly there are...
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there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure there will be new fresh faces out there and some of the old folks as welcoming out and talking about republican governance and fighting for lower ta lower taxes and less spending. >> here is harry reid's comeback. >> there's some confusion about who is the quarterback. of course, that is quite common when you don't have the white house. but there's no doubt who the quarterback is on the democratic side. the quarterback is the president of the united states. and unfortunately he keeps throwing interceptions. and we're moving backward and backward and backward towards the goal line. >> well, morri
there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure...
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Dec 3, 2012
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the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff. >>> later, if you own a car but never drive it, you might be able to make some money off it. ashton kutcher and marissa mayer are backing the start up. the ceo of get-around is coming up. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, th
the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff....
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Dec 5, 2012
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let's govern. now we'll take the questions. thank you. [applause] >> we're happy to take questions. >> yes, sir. my question involves whether or not -- >> do you have a mic? >> -- you believe the american people clearly understand what's at stake. we've tended to not focus, i don't believe, with adequate pressure and clarity on what will happen if we continue. i've only seen one study myself of the various options for how the economy will react if, for example, we go to the window to raise more money and simply fail or fail without a sharp increase in interest rates. that would be one scenario. another scenario would be the repeat of the suez canal crisis where i guess it was our own president eisenhower who informed anthony eaton that if they didn't pull their troops out of suez when they landed to take it over from the nationalization by nasser, we wouldn't roll over their dead. they left. i'm just not sure as i go from seminar to seminar that the fix the debt this morning, for example, there was no one sitting there like yourself or so
let's govern. now we'll take the questions. thank you. [applause] >> we're happy to take questions. >> yes, sir. my question involves whether or not -- >> do you have a mic? >> -- you believe the american people clearly understand what's at stake. we've tended to not focus, i don't believe, with adequate pressure and clarity on what will happen if we continue. i've only seen one study myself of the various options for how the economy will react if, for example, we go to...
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the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest reported s&p earnings were down. that is the first drop since the bottom of the 08 market. truthfully, some of the estimates for next year, $113 on the s&p. i do not see a lot of growth in earnings next year. it does not bode well. it is hard to be very bullish on the market as a whole. dagen: that he's starts to shrink and stocks all of a sudden look a lot more expensive. are you most concerned about what is happening here in the united states or what you see going on over in europe? what about here and our lack of action in washington? >> obviously, i am very concerned. it shows a lack of con
the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest...
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if hi taken the west side because the district government never would have been able to do that. but economic development is hard in underserved areas. it took 23 years for us to get a giant at camp sims. we only have one full service supermarket. we don't have a cvs -- >> what do you tell people you don't get economic development? the stores say, too much crime, people are afraid to come, people steal from the stores, the desperate people make it hard to put stores in like that but then you see safeway on alabama avenue seems to be just fine, might be a walmart over there. >> we have the highest level of poverty. we have the highest level of incarcerated people. in this society there are three ways you get money, get assets or get property. i get it inherited. you work hard as a business or you work har as an individual and you make it. or you take it. too many people in ward 8 who don't have any money. >> no connections, no families -- >> no. >> what do you expect? i don't condone that. so what happens? they resort to shoplifting, they resort to robbery. i don't condone that bu
if hi taken the west side because the district government never would have been able to do that. but economic development is hard in underserved areas. it took 23 years for us to get a giant at camp sims. we only have one full service supermarket. we don't have a cvs -- >> what do you tell people you don't get economic development? the stores say, too much crime, people are afraid to come, people steal from the stores, the desperate people make it hard to put stores in like that but then...